As a homebuyer, you may have found the perfect new house for your growing family, but what if it is a little out of your price range? You might list your current home for more than it is worth and be lucky enough to find a qualified buyer who is willing to pay the price, […]
Is First Always Best
Your home has been listed for just a few days, and your real estate agent calls with great news. The people who looked at the house last night have come in with an offer to buy it! When the agents arrive to present the offer, you are excited and hopeful. As they explain the price […]
For Sale to SOLD
It takes a lot more than a “For Sale” sign in the front yard, a Multiple Listing entry, and an occasional ad in the classifieds to get a listing sold. When real estate agents sell a house, we sometimes have to “sell” it again and again before the contract is actually signed by the buyers […]
Fair Market Value
What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the “fair market value” (FMV). FMV has been defined as “the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the […]
Evaluating Multiple Bids
Competition for homes is high in hot markets. When you are a seller faced with multiple offers on your home, how do you choose the best one? Your real estate agent can help you compare and contrast the terms of each proposal. Look at the price of each offer and evaluate your net profit. Next, […]
Closing Your House
If you are selling your house, you may have to jump through a few hoops between the time you and the buyer reach an agreement and the time the money and deed change hands. The structural inspector usually finds a few things that need to be repaired or replaced, and the termite inspection may reveal […]
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